- In an effort to strengthen the national economy, the Indonesian Government is currently working hard to improve Indonesia’s investment ecosystem and overall competitiveness. With this goal in mind, the government has confirmed that it will soon submit the Draft Omnibus Law on Job Creation, as well as the Draft Omnibus Law on Taxation to the House of Representatives (“House”). Indeed, these Omnibus Laws have already been included under the 2020 Super Priority National Legislation Program by both the Minister of Law and Human Rights and the Legislative Body of the House.
- The Draft Omnibus Law on Job Creation harmonizes 82 laws and 1,194 articles and addresses the following areas: 1) Simplification of licensing procedures; 2) Investment requirements; 3) Employment; 4) Ease, empowerment and protection of micro-, small- and medium-scale enterprises; 5) Ease of doing businesses; 6) Support for research and innovation; 7) Government administration; 8) Imposition of sanctions; 9) Land procurement; 10) Government investments and projects; and 11) Economic zones.
- The Draft Omnibus Law on Taxation addresses the following six pillars: 1) Investment funding; 2) Territorial system; 3) Individual tax subjects; 4) Taxpayer compliance; 5) Business system fairness; and 6) Facilities.
- Alongside the House’s deliberations of these drafts, the government will also simultaneously prepare a number of implementing regulations for the forthcoming Omnibus Laws. (ekon.go.id)
......
Subscribe to read more legal analysis.
Hukumonline Pro Intelligence
Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda
*Syarat dan ketentuan berlaku
Ada Pertanyaan? Hubungi Kami 
Professional Solutions
University Solutions
Pro
My Workspace
Pro AI
Terfavorit
Allex QnA
Pro Compliance
